Questioning the Masses is Good for Your Portfolio

The reason is straightforward. The article suggests the lower dollar is good for US exporters and foreign importers and is bad for foreign exporters and US importers. However, it fails to point out certain key details, for example, that “we import 2/3rds of our oil.”

In another flimsy argument, the article cites two recent Federal Reserve papers to support its points. To address the Fed’s credibility Davos embeds the YouTube video below, where the “chairman of the Fed who got it 100% wrong” explains his perspective on a number of issues over the past few years. It’s hard to believe anything from the Fed at this point.

Finally, to explain how this critical thinking is good for your portfolio Zero Hedge quotes HL Mencken, “No one in this world, so far as I know … has ever lost money by underestimating the intelligence of the great masses of the plain people.”

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About Rocky Vega:

Rocky Vega is publisher of Agora Financial International, where he advances the growth of Agora Financial publishing enterprises outside of the US. Previously, he was publisher of The Daily Reckoning, and founding publisher of both UrbanTurf and RFID Update — which he ran from Brazil, Chile, and Puerto Rico — as well as associate publisher of FierceFinance. Rocky has an honors MS from the Stockholm School of Economics and an honors BA from Harvard University, where he served on the board of directors for Let?s Go Publications, Harvard Student Agencies, and The Harvard Advocate.